BCE Inc. (BCE) Position Decreased by Acadian Asset Management LLC

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Acadian Asset Management LLC cut its holdings in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,241,484 shares of the utilities provider’s stock after selling 143,553 shares during the quarter. Acadian Asset Management LLC owned about 0.36% of BCE worth $131,343,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. CLARET ASSET MANAGEMENT Corp increased its holdings in shares of BCE by 12.9% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 53,658 shares of the utilities provider’s stock worth $2,174,000 after acquiring an additional 6,128 shares during the last quarter. Round Table Services LLC acquired a new position in shares of BCE during the 3rd quarter worth approximately $216,000. Intact Investment Management Inc. increased its holdings in shares of BCE by 9.9% during the 3rd quarter. Intact Investment Management Inc. now owns 1,231,598 shares of the utilities provider’s stock worth $64,450,000 after acquiring an additional 110,700 shares during the last quarter. CWM LLC increased its holdings in shares of BCE by 3,678.0% during the 3rd quarter. CWM LLC now owns 6,536 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 6,363 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of BCE by 1.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 106,829 shares of the utilities provider’s stock worth $4,328,000 after acquiring an additional 2,015 shares during the last quarter. 42.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE BCE opened at $39.28 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.10. BCE Inc. has a one year low of $38.88 and a one year high of $49.06. The firm has a market capitalization of $35.40 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 4.21 and a beta of 0.29.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.19. BCE had a return on equity of 18.67% and a net margin of 12.00%. The firm had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts forecast that BCE Inc. will post 2.68 earnings per share for the current fiscal year.

A number of research analysts have commented on BCE shares. Zacks Investment Research lowered BCE from a “buy” rating to a “hold” rating in a report on Friday, October 26th. ValuEngine raised BCE from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. TD Securities reaffirmed a “hold” rating on shares of BCE in a report on Wednesday, October 24th. Desjardins raised BCE from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. Finally, Scotiabank raised BCE from a “sector perform” rating to a “buy” rating in a report on Wednesday, October 10th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $54.40.

BCE Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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